Ominous Warnings and Dire Predictions of World’s Financial Experts

Discussion in 'Politics & Religion' started by PLATO2, Jun 4, 2006.

  1. PLATO2


  2. PLATO2


  3. Sadly but true. Can't bury our heads in the sand for too long. The road ahead will be painful for us and our children. Sent shivers down my spine!

  4. pattersb

    pattersb Guest

    This is exactly why I started trading .. Income taxes will grow out of control for the next couple decades, as the baby boomers make claim to all the entitlements that they have voted for themselves over the past 25 years.

    Not too mention the 25M illegals that will soon be added to the entitlement systems.

    My dream is to make a few hundred grand cash (perhaps gold bullion) over the next few years and retire to a tropical island ... I owe the boomers NOTHING.
  5. Ricter


    You may not like the boomers, I don't either particularly, but you can't say you owe them nothing. You're benefiting everyday from the fruit of their labor and creativity.
  6. pattersb

    pattersb Guest

    We'll see. My city is in financial crisis due primarily to the incredibly generous retirement packages the last group voted themselves. I don't think this will improve, and I don't think it will be restricted to my city.

    The national debt is up 40% under Bush... 8 trillion and counting, and NO-ONE, NO-ONE wants to touch the third-rail, SS and Medicare.

    Income taxes will double, health care will largely become nationalized, and whatever, thats fine .... The looming financial disaster is the back of many peoples minds ... we've been told not to expect SS, rising costs, lower standards of living ... Divorce hit 50% under this group, the family structure has been destroyed, the anything-goes, hedonisism of the 60's sticks with us, ...

    Yes, I do admit I have benefited, but at what costs?

    That's not to say that I am pessismistic about the future. People may have been more spirtually-satisfied during the depression ... than in an era filled with "american idols"...
  7. Ricter


    Bang on question. One of my favorite pursuits is adding up the costs that attend every single one of our benefits, in any human endeavor. I've come to suspect that progress may be an illusion.

    Right on. The way out of our difficulties definitely involves a new way of seeing, rather, a rediscovery.